Doubling Funding to Boost US Agricultural Exports and Create Jobs.
This act significantly increases government funding for programs that promote the sale of US agricultural products internationally. The goal is to nearly double the annual budget for the Market Access Program (MAP) and the Foreign Market Development Cooperator Program (FMDCP) through 2029. This investment is projected to boost exports, create jobs in farming and related industries, and strengthen the overall economy.
Key points
Annual funding for agricultural export promotion is nearly doubled, increasing the total budget from $255 million to $489.5 million.
Key programs supporting the sale of US commodities (like beef, soybeans, and dairy) abroad are extended until 2029, providing long-term stability for producers.
Increased exports are expected to generate economic growth and support up to 225,800 jobs across the country.
Expired
Additional Information
Print number: 118_S_176
Sponsor: Sen. King, Angus S., Jr. [I-ME]
Process start date: 2023-01-31